Decision Making in the Innovation Process: Data-Driven vs. Data-Informed
There has been a growing trend in the use of data-related buzzwords, and “data-driven decision-making” is one of them. This buzzword is often confused with “data-informed decision-making,” emphasizing the need to understand the role of data for effective decision-making. The article explains this mi...
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| Format: | Article |
| Language: | English |
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Humber Press
2024-03-01
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| Series: | Journal of Innovation in Polytechnic Education |
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| Online Access: | https://jipe.ca/index.php/jipe/article/view/171 |
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| author | Muge Abac |
| author_facet | Muge Abac |
| author_sort | Muge Abac |
| collection | DOAJ |
| description | There has been a growing trend in the use of data-related buzzwords, and “data-driven decision-making” is one of them. This buzzword is often confused with “data-informed decision-making,” emphasizing the need to understand the role of data for effective decision-making. The article explains this misconception through tables and insights from experts like Geoffrey Moore, Tendayi Viki and Alexander Osterwalder. It emphasizes the need for a balanced approach, using both qualitative and quantitative data, and suggests starting with qualitative insights before moving to quantitative analysis. Ultimately, it stresses the importance of aligning organizational structures to leverage data effectively for innovation.
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| format | Article |
| id | doaj-art-162c189cc4604e6588ed9dfd0ee22309 |
| institution | OA Journals |
| issn | 2561-5904 |
| language | English |
| publishDate | 2024-03-01 |
| publisher | Humber Press |
| record_format | Article |
| series | Journal of Innovation in Polytechnic Education |
| spelling | doaj-art-162c189cc4604e6588ed9dfd0ee223092025-08-20T02:07:24ZengHumber PressJournal of Innovation in Polytechnic Education2561-59042024-03-016110.69520/jipe.v6i.171Decision Making in the Innovation Process: Data-Driven vs. Data-Informed Muge Abac0Humber CollegeThere has been a growing trend in the use of data-related buzzwords, and “data-driven decision-making” is one of them. This buzzword is often confused with “data-informed decision-making,” emphasizing the need to understand the role of data for effective decision-making. The article explains this misconception through tables and insights from experts like Geoffrey Moore, Tendayi Viki and Alexander Osterwalder. It emphasizes the need for a balanced approach, using both qualitative and quantitative data, and suggests starting with qualitative insights before moving to quantitative analysis. Ultimately, it stresses the importance of aligning organizational structures to leverage data effectively for innovation. https://jipe.ca/index.php/jipe/article/view/171Data-driven decision-makingData-informed decision-makingInnovationQualitative dataQuantitative data |
| spellingShingle | Muge Abac Decision Making in the Innovation Process: Data-Driven vs. Data-Informed Journal of Innovation in Polytechnic Education Data-driven decision-making Data-informed decision-making Innovation Qualitative data Quantitative data |
| title | Decision Making in the Innovation Process: Data-Driven vs. Data-Informed |
| title_full | Decision Making in the Innovation Process: Data-Driven vs. Data-Informed |
| title_fullStr | Decision Making in the Innovation Process: Data-Driven vs. Data-Informed |
| title_full_unstemmed | Decision Making in the Innovation Process: Data-Driven vs. Data-Informed |
| title_short | Decision Making in the Innovation Process: Data-Driven vs. Data-Informed |
| title_sort | decision making in the innovation process data driven vs data informed |
| topic | Data-driven decision-making Data-informed decision-making Innovation Qualitative data Quantitative data |
| url | https://jipe.ca/index.php/jipe/article/view/171 |
| work_keys_str_mv | AT mugeabac decisionmakingintheinnovationprocessdatadrivenvsdatainformed |